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Bill Ackman

Bill Ackman Pershing Square Capital Management

AUM $13.7B
1-Year Est. Return 13.45%
 

Bill Ackman is the founder and CEO of Pershing Square Capital Management, a New York–based hedge fund. He employs an activist investing approach, seeking to influence the management and direction of the publicly traded companies in which he invests. Frequently in the public eye, Ackman has been noted for both high-profile successes and controversies, such as his well-known short position in Herbalife.

This Fund
S&P 500
This Quarter Est. Return
+9.91%
1 Year Est. Return
+13.45%
3 Year Est. Return
+64.66%
5 Year Est. Return
+90.44%
10 Year Est. Return
+446.13%
AUM
$8.38B
AUM Growth
+$148M
Cap. Flow
-$547M
Cap. Flow %
-6.52%
Top 10 Hldgs %
100%
Holding
11
New
4
Increased
–
Reduced
1
Closed
2

Top Buys

Rank Stock Value
1
ESI icon
Element Solutions
ESI
+$604M
2
AIV
Aimco
AIV
+$108M
3
AGN
Allergan Inc
AGN
+$72.7M
4
HME
HOME PROPERTIES, INC
HME
+$27.4M

Top Sells

Rank Stock Value
1
BEAM
BEAM INC COM STK (DE)
BEAM
+$744M
2
GGP
GGP Inc.
GGP
+$554M
3
PG icon
Procter & Gamble
PG
+$60.2M

Sector Composition

Rank Sector Weight
1 Materials 36.77%
2 Industrials 30.81%
3 Consumer Discretionary 12.16%
4 Consumer Staples 11.6%
5 Real Estate 7.43%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CP icon
1
Canadian Pacific Kansas City
CP
$80.8B
$2.58B 30.81%
85,799,440
– –
APD icon
2
Air Products & Chemicals
APD
$68.9B
$2.45B 29.19%
22,213,551
– –
BKW
3
DELISTED
BURGER KING WORLDWIDE
BKW
$1.02B 12.16%
38,387,865
– –
BEAM
4
DELISTED
BEAM INC COM STK (DE)
BEAM
$972M 11.6%
11,668,545
-9,150,000
-44% -$744M
ESI icon
5
Element Solutions
ESI
$9.17B
$635M 7.58%
+33,333,330
New +$604M
HHH icon
6
Howard Hughes
HHH
$4B
$509M 6.08%
3,742,850
– –
AIV
7
Aimco
AIV
$376M
$113M 1.35%
+28,145,959
New +$108M
AGN
8
DELISTED
Allergan Inc
AGN
$74.1M 0.88%
+597,431
New +$72.7M
HME
9
DELISTED
HOME PROPERTIES, INC
HME
$28.5M 0.34%
+473,778
New +$27.4M
PG icon
10
Procter & Gamble
PG
$338B
– –
-739,605
Closed -$60.2M
GGP
11
DELISTED
GGP Inc.
GGP
– –
-27,624,282
Closed -$554M

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Bill Ackman's Q1 2014 Portfolio in Review

As of Q1 2014, Bill Ackman held 11 positions worth $8.38B, up 1.8% from $8.23B the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Bill Ackman withdrew a net $547M in Q1 2014, closing 2 positions and reducing 1 holding. Its most notable exit was GGP Inc., an estimated $554M position sold in full.

By sector, the portfolio is most concentrated in Materials at 37% of assets, up from 28% a quarter earlier, followed by Industrials and Consumer Discretionary.

Against the trend, Bill Ackman opened a new position in Element Solutions worth $635M.

  • Bill Ackman's largest Q1 2014 buy was Element Solutions: 33,333,330 shares worth $635M.
  • Bill Ackman's biggest Q1 2014 reduction was BEAM INC COM STK (DE), cutting an estimated $744M.
  • Bill Ackman fully exited GGP Inc. in Q1 2014, selling an estimated $554M.
  • Bill Ackman's ten largest holdings make up 100% of its $8.38B portfolio in Q1 2014.
  • Bill Ackman opened 4 new positions and closed 2 in Q1 2014.
  • Bill Ackman's portfolio value rose 1.8% quarter-over-quarter to $8.38B.

Based on Pershing Square Capital Management's 13F filing for Q1 2014, filed 15 May 2014.